Warehouse with Office
New
For Sale
$749,000
16-13275 Sw 136th St, Miami, FL 33168
Flexible industrial facility with private offices, conference space, kitchenette, restroom, and grade-level loading access.
Property Size2,023 SF
Price / SF$370.24
Days on Market4
Property Features for 16-13275 Sw 136th St
General Information
Standard status
Active
Size
2,023 SF
Warehouse & Industrial
Clear Height
20 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Amenities
conference room
kitchenette
restroom
Building Details
Year Built
2004
Building Size
2,023 SF
Listing Agency:
Charleemax Realtors
(305) 551-0407
Listed By:
Wendy Bastori · License #3082138
(305) 613-8181
Source:
Exprealty
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 4 at 2:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Charleemax Realtors
Investment Insights
Based on property information with market context.
This 2,023-square-foot warehouse in Tamiami Industrial Park combines an open storage area with multiple private offices, a conference room, kitchenette, and restroom. The building was constructed in 2004 and provides approximately 20-foot clear ceiling height, supporting a range of warehouse and industrial operations. A grade-level overhead door provides direct access to the warehouse area.
The property is minutes from Tamiami Airport and offers highway access. The existing configuration supports warehousing, distribution, light manufacturing, and owner-user operations.
The property is minutes from Tamiami Airport and offers highway access. The existing configuration supports warehousing, distribution, light manufacturing, and owner-user operations.
Key Highlights
- 2,023‑square‑foot warehouse in Tamiami Industrial Park
- Approximately 20‑foot clear ceiling height
- Multiple private offices and conference room
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,002
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,040
$660.0K
Cap Rate 7%
$471,457
$471.5K
Cap Rate 9%
$366,689
$366.7K
Market Conditions
NOI Build-Up for 2,023 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$40.8K $20.16/SF
− Vacancy
−$2.0K −$0.97/SF
EGI
$38.8K $19.19/SF
− OpEx
−$5.8K −$2.88/SF
NOI
$33.0K $16.31/SF
Area
Miami, FL
Vacancy
4.80%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$660,040
Cap Rate 7%
$471,457
Cap Rate 9%
$366,689
Alternative Uses
Best Use
Warehouse
$471.5K
$412.5K – $550.0K
NOI $33,002 @ 7.0% cap · market cap 4.41%
Second Best
Flex RnD
$423.8K
$370.8K – $494.4K
NOI $29,665 @ 7.0% cap · market cap 3.96%
Theoretical Best
Specialty Retail
$1.37M
$1.19M – $1.59M
NOI $95,588 @ 7.0% cap · market cap 12.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
854
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
Market
Vacancy Rate% for Industrial in Miami, FL
Questions? Ask Rey
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Similar Off Market Nearby
- Life Storage - North Miami — 640 NW 133rd St, North Miami, FL 33168
- Public Storage — 250 NE 135th St, Miami, FL 33161, United States
- Self Storage — 13804 NW 7th Ave, Miami, FL 33168
Frequently Asked Questions
What type of property is this?
Warehouse - Flexible industrial facility with private offices, conference space, kitchenette, restroom, and grade-level loading access.
Where is this warehouse located?
The property is located at 16-13275 Sw 136th St Miami, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2,023‑square‑foot warehouse in Tamiami Industrial Park; Approximately 20‑foot clear ceiling height; Multiple private offices and conference room
